From the midday market analysis, although prices have rebounded after hitting the bottom, the overall trend still remains in a volatile state. It is expected that there will be little chance of a clear one-sided market during the day, and range trading would be more appropriate.
Observing the 4-hour candlestick chart, a large bearish candle first broke below the lower boundary, followed by a rapid rise with a large bullish candle. The current coin price is hovering between the lower and middle boundaries. In the 1-hour chart, after a series of bearish candles, a four-consecutive-bullish trend has emerged, and it has now stabilized above the middle boundary. Moreover, the KDJ indicator in both the 4-hour and 1-hour charts has all three lines turning upward, showing a bullish trend, and there is expected to be further upward space in the short term.
Based on this, the morning trading suggestion is to focus on going long at lower prices, with some short positions as a supplement.
For Bitcoin, one could go long in the 93500 - 94000 range, targeting around 96000 - 97000. If the upward trend does not continue, one could switch to a short position;
For Ethereum, one could consider going long around 3280 - 3320, targeting between 3450 - 3500.
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